By Leon Kafitwe Kamoa-Kakula’s copper production soared to a record-breaking 437,061 tonnes in 2024, marking a 12% year-on-year growth fueled by the ramp-up of its Phase 3 concentrator in the Democratic Republic of Congo (DRC). This stellar performance included a…
Holidaymakers will face significant financial strain as fuel prices are set to increase across all grades of petrol and diesel from New Year’s Day, this Wednesday. The Department of Mineral and Petroleum Resources (DMPR) announced the following price adjustments: Petrol…
Government reports that a number of illegal miners, known as Zama Zamas, have voluntarily surfaced from the disused mine shafts in Stilfontein. According to the National Joint Operational and Intelligence Structure (NATJOINTS), these individuals have demonstrated the capability to exit…
In a decisive move to enhance nuclear safety and align with global standards, President Cyril Ramaphosa has signed the National Nuclear Regulator Amendment Bill into law. This milestone legislation updates the 1999 Act, introducing robust measures to protect South Africans…
The International Chamber of Commerce (ICC) tribunal has delivered a landmark decision rejecting the Democratic Republic of Congo’s (DRC) jurisdictional objections in its ongoing arbitration with Centurion Law Group (CLG). This pivotal ruling allows CLG to move forward with claims…
Sibanye-Stillwater, a leading multinational mining group, has announced a groundbreaking $500 million (R8.8 billion) streaming agreement with Franco-Nevada Corporation. This innovative financing deal secures future streams of gold and platinum from Sibanye-Stillwater’s Marikana, Kroondal, and Rustenburg operations. According to Neal…
Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) has initiated arbitration proceedings against the State of Mali over a dispute regarding its Loulo-Gounkoto mining complex. Operating entities Société des Mines de Loulo SA and Société des Mines de Gounkoto SA have…
In a bold move that could shape the future of South Africa’s development, President Cyril Ramaphosa announced on Monday that the country’s National Dialogue, aimed at addressing critical socio-economic challenges, will begin in early 2025. The President made the statement…
On December 10, 2024, Glencore CEO Gary Nagle met with DRC President Félix Tshisekedi and Prime Minister Judith Suminwa in Kinshasa to reaffirm the company’s commitment to the country’s economic and social development. With over 17,000 employees, Glencore has been…
South Africa’s inflation in November 2024 increased slightly to 2.9% year-on-year (y/y), up from 2.8% in October, but still well below the Reserve Bank’s target range of 3.0%. This outcome was better than FNB’s forecast of 3.2% and market expectations…
South Africa has officially launched its G20 Presidency, beginning with the first of over 130 meetings that will lead up to the highly anticipated G20 Summit in 2025. Held in Johannesburg on Monday, the first G20 Sherpas Meeting was inaugurated…
At least 153 suspected illegal miners were brought to the surface in a dramatic four-day operation at the South Mine in Sabie, Mpumalanga, according to police reports. The operation also recovered the bodies of three deceased individuals. Spearheaded by a…
